2024-10-22 20:56:00
The North American Government is available to contribute its experience on the quality of Angolan public investment, through technical assistance and project evaluation, as well as the management of “contingent liabilities”.
Therefore, the Minister of Finance, Vera Daves de Sousa, and the Undersecretary of the United States Treasury for Mental Affairs, Jay Shambaugh, held this Tuesday, in Washington, a bilateral meeting aimed at addressing several issues of common interest .
According to ANGOP, the main objective is to provide a better quality for the Government’s investments and to guarantee the sustainability of structured and prioritized projects of the Angolan Executive.
During the meeting, as part of the annual meetings of the World Bank Group (WBG) and the IMF, which take place from the 21st to the 26th of this month, in Washington, the entities also analyzed the risks associated with policy fiscal, the maintenance. debt sustainability and the exchange rate risk facing the Angolan economy.
Among other things, both parties equally assessed the interest rate risk that Angola incurs in contracting its debt, which could depend on North American support.
The meeting, which marked the beginning of the second day of the Angolan delegation at the annual meetings of the Bretton Woods institutions, was that a better future could be provided for the Angolan oil sector, taking into account the increase in investment and the recovery . of its production recorded in recent years, and Angola’s GDP is expected to grow by 3% in 2025.
In addition to this bilateral meeting, on Tuesday morning, the Minister participated in a meeting of the high-level working group on Global Financial Architecture, in the promotion of the African Union for Economic Development, Trade, Tourism, Industry and Minerals, in partnership. with the African Department of the IMF and UNECA.
Also this Tuesday, Vera Daves de Sousa participated, as a speaker, in the meeting “Africa’s Agenda for the Reform of the Financial Architecture: Priorities for 2025”, promoted by the African Center for Economic Reform (ACET) and THE AFRICAN UNION and the United Nations. Economic Commission for Africa (UNECA).
In addition, today, Tuesday, the agenda of the Angolan delegation at the event is marked by other bilateral and simultaneous meetings, with an emphasis on the meeting that will analyze the update on the new sorting center in Luanda and the presentation of the video macroeconomics of Angola by the BNA.
The Angolan delegation also includes, among other individuals, the governor of the National Bank of Angola and alternate governor at the IMF, Manuel Tiago Dias, and the president of the Board of Directors of the Angolan Sovereign Fund, Armando Manuel, as well as representatives of the national banking sector and experts.
For six days, the Angolan agenda provides for the participation of Victor Hugo Guilherme, Vera Daves de Sousa and Manuel Tiago Dias, as speakers in three forums that bring together investors, in the promotion of banking institutions, namely Citi Bank, Deutsche Bank, Standard Chartered. and Standard Bank.
The Annual Meetings of the World Bank Group (WBG) are a series of events that bring together influential leaders from governments, businesses, international organizations, civil society and academia, in search of solutions to the economic development and sustainability challenges facing the world. QCB/ASS
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